The 'Patriotic Millionaires,' a group of about 200 wealthy individuals — worth billions combined — say they should be taxed more, and as soon as possible.
"We see how the system is skewed in our favor, and how that's really hurting our country, and in the very long run, hurting us, too," the group's chairman said.
Sen. Elizabeth Warren, D-Mass., addresses a rally against the Republican tax plan in Washington on Nov. 1, 2017.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.WASHINGTON — Karen Seal Stewart is rich. And she wants to pay more in taxes., a group of about 200 wealthy individuals — worth billions combined — who say they should be taxed more, and as soon as possible.
"It's a matter of equity, fairness and the fact that we have the money to pay the taxes and we're not being asked to pay them," Stewart, a former real estate executive, told NBC News."My sense is we are really at a cusp. We better get our act together because ... the lack of fairness and opportunity is growing."
"We see how the system is skewed in our favor and how that's really hurting our country, and in the very long run, hurting us, too," Morris Pearl, Patriotic Millionaires chairman and a former BlackRock managing director, said last week at a gathering for the group in Washington.For Pearl, it's about his kids and grandkids being able to"grow up in the same kind of country where I grew up, to have the opportunities I did. And ...
Asked about the best ways to fix the tax system, Pearl notes there are"a lot of possibilities out there."
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